It allows taxpayers to pay an agreed amount each month to the IRS. These payments go directly to the taxpayer's total tax debt and continue until the debt is paid in full. Once you have an installment plan, you will no longer receive collection letters from the IRS or be exposed to penalties. First, you'll submit all your tax documents to the IRS and explain that you can't pay your debt in full.
Then, you'll fill out additional forms that explain your financial situation. The IRS will review everything and then approach you with a reasonable agreement that benefits both parties. The IRS's new Fresh Start initiative helps taxpayers who owe taxes. Next, we'll discuss the details of your situation with you to identify which Fresh Start tax program option is most appropriate.
Unlike other Fresh Start tax programs, non-collectible status is a “state” rather than a form of tax relief. If you're not sure which Fresh Start program is the best solution for your specific tax debt problem, you should consult a professional for advice and guidance. Undoubtedly, businesses are eligible for the IRS Fresh Start Program, especially if you are self-employed. The Fresh Start Program allows taxpayers with back taxes to enter into an agreement that extends the payment for a series of months, but no longer than 5 to 6 years.
You may think that the IRS's Fresh Start initiative sounds like a great idea, but you also may not be sure if you qualify for any type of tax relief. If you think Fresh Start could benefit or if you need an expert tax opinion for your situation, contact Tax Relief USA today for a free tax consultation. They'll review your case, understand the facts surrounding it, and then meet with you to discuss your best options, including whether or not you're eligible for the IRS Fresh Start Program. Some people unwittingly violate tax laws, so the IRS created the Fresh Start Program to help them.
Of course, there are some additional conditions that you must meet in order to qualify for the Fresh Start program. But what exactly is the Fresh Start program and how does it work? The Fresh Start program is designed to allow taxpayers to pay their debt in full within six years and without a serious financial burden placed on them. To obtain the Fresh Start tax relief without interference from the IRS, the taxpayer must currently be in a non-collectible state. They will evaluate your case, understand the relevant facts, and then sit down with you to discuss your options, including the IRS Fresh Start Program.
For more information on how to apply for the IRS Fresh Start Program, contact us for a free review of your tax case. While you can talk to the IRS through a trusted tax relief advocate, no matter how many steps you take, your tax problems will never be completely erased, even if you're enrolled in the IRS Fresh Start Program. The IRS requires that you be up to date with all of your tax returns before you are considered for the Fresh Start program.